Browse as ListSearch Within- Section 52:27-1 - Local Government Board to be constituted the "Municipal Finance Commission"
- Section 52:27-2 - Action where municipality defaults; judgment; powers and duties of commission
- Section 52:27-3 - Resolution by municipality declaring inability to meet obligations; action in Superior Court; commission to function
- Section 52:27-4 - Duration of commission in municipality; subsequent powers of Director of Division of Local Government
- Section 52:27-5 - Powers of commission and director to cease upon annulment of order adjudging municipality in default
- Section 52:27-6 - Secretary, auditor and other assistants; limitation on expenses
- Section 52:27-7 - Duties of secretary
- Section 52:27-8 - Office for auditor; access to books and records
- Section 52:27-9 - Warrants and checks to be countersigned by auditor
- Section 52:27-10 - Rules; seal
- Section 52:27-11 - Majority may act; hearing; single member may sit
- Section 52:27-12 - Subpoenas; failure to obey or refusal to answer questions
- Section 52:27-13 - Commission may carry out directions not complied with by municipality
- Section 52:27-13.1 - Powers and duties of auditor
- Section 52:27-13.2 - Certifying failure of municipal officer or employee to perform duties; removal or suspension; appointment of another
- Section 52:27-13.3 - Special collectors; appointment
- Section 52:27-13.4 - Application of proceeds of taxes
- Section 52:27-13.5 - Manner of certifying resolution; binding effect
- Section 52:27-14 - Funding or refunding indebtedness; resolution by commission
- Section 52:27-15 - Public hearing on resolution
- Section 52:27-16 - Adoption of resolution by municipality
- Section 52:27-17 - Other laws not applicable; debt statements as including obligations issued after December 31, 1946
- Section 52:27-18 - Publication of resolution; when effective; validity
- Section 52:27-19 - Terms and form of notes or bonds; sale or exchange
- Section 52:27-20 - Public or private sale of notes or bonds; prices
- Section 52:27-21 - Presumption of validity of notes and bonds
- Section 52:27-22 - Consent of commission to municipality issuing notes or bonds; limitations on municipal expenditures; claims certified
- Section 52:27-22.1 - Scrip or tax anticipation notes or bonds; approval
- Section 52:27-22.2 - Penalty for violation of act
- Section 52:27-23 - Limitation on school budget when municipality in default
- Section 52:27-23.1 - Authorized provisions in resolutions authorizing issuance of notes or bonds enumerated; enforcement
- Section 52:27-23.2 - Reserve or sinking funds; payment to sinking fund commission
- Section 52:27-23.3 - Cancellation of notes or bonds; payment of other municipal indebtedness
- Section 52:27-24 - Terms, provisions, conditions and limitations in notes or bonds; negotiability
- Section 52:27-25 - Municipal tax to pay notes and bonds; reserve fund; withdrawals
- Section 52:27-26 - Compromise or adjustment of delinquent taxes and assessments
- Section 52:27-27 - Assessment, reassessment, etc., of taxable ratables; cost; employment of experts
- Section 52:27-28 - Appeals from taxation
- Section 52:27-29 - Installment payments of assessments for local improvements
- Section 52:27-29.1 - Certificate of tax sale or tax title; real estate; sale, exchange, lease or other disposition
- Section 52:27-29.2 - Acceptance of municipal or school district bonds in payment of tax or assessment title liens authorized; refunding bonds; tax payment certificates
- Section 52:27-30 - Expenses of commission to be paid by municipality
- Section 52:27-31 - Expenses of issuing notes or bonds and of foreclosure or perfecting title; including in debt to be funded; appropriation
- Section 52:27-32 - Article inapplicable to bonds issued after June 1, 1936
- Section 52:27-32.1 - Enforcement of judgments, etc., against municipality stayed; necessity of court order
- Section 52:27-33 - Proceedings against municipality for assessment or collection of taxes prohibited; exceptions; remedies of holders of unpaid claims against municipality
- Section 52:27-33.1 - Taxes collected by municipality paid to designated banks
- Section 52:27-33.2 - Action in Superior Court to determine application and distribution to creditors of property or funds of municipality
- Section 52:27-33.3 - Court may vacate, modify or restrict statutory stay
- Section 52:27-34 - Action by creditors; plan of adjustment or composition; parties
- Section 52:27-36 - Approval by Supreme Court justice of plan of adjustment or composition; findings
- Section 52:27-37 - Approved plan binding on all creditors; substituted obligations
- Section 52:27-38 - Continuance of stay of proceedings against municipality; action by creditor to enforce claim restricted
- Section 52:27-39 - Reduction in principal of outstanding notes or bonds prohibited
- Section 52:27-39.1 - State, State school or county taxes, compromise of county's claim against certain municipalities for
- Section 52:27-39.2 - Resolution of county board required; previous payment by county to State required
- Section 52:27-39.3 - Settlement may include what; terms; consideration
- Section 52:27-39.4 - County treasurer to perform compromise settlement-disposition of consideration received
- Section 52:27-39.5 - Effective date; limitation of time for adoption of resolution
- Section 52:27-40 - Filing of petition by political subdivision; approval of commission
- Section 52:27-41 - Ordinance or resolution of governing body to authorize filing of petition
- Section 52:27-42 - Approval by commission of readjustment plan necessary
- Section 52:27-43 - Commission authorized to approve petition and plan; restrictions
- Section 52:27-44 - Powers of political subdivision upon confirmation of readjustment plan; issuance of bonds or notes
- Section 52:27-45 - Request for approval of petition, plan, etc.; procedure
- Section 52:27-45.1 - Municipalities effecting plan for readjustment or composition of debts; powers; "court" defined
- Section 52:27-45.2 - Warrants for funding or refunding indebtedness; ordinance or resolution; special fund for payment of warrants; form; interest
- Section 52:27-45.3 - Board for liquidation of assets; members, appointment, compensation and expenses; nature and government of board
- Section 52:27-45.4 - Duties of board in liquidation of assets pledged to special fund; proceeds of liquidation; cancellation of outstanding and unpaid warrants after properties and assets liquidated
- Section 52:27-45.5 - Periodic accountings by board as trustee; cooperation of council or other governing body; suspension of performance of acts
- Section 52:27-45.6 - Covenants in ordinance or resolution protecting security and rights of warrant holders
- Section 52:27-45.7 - General powers and duties of board; by-laws and rules; employees; real estate brokers; liquidation of assets
- Section 52:27-45.8 - Discharge of board; extension of existence; surplus in special fund
- Section 52:27-45.9 - Invalidity or illegality of ordinance or resolution; board prevented from performance of duties
- Section 52:27-45.10 - Issuance of new warrants of different denominations at request of registered holders
- Section 52:27-45.11 - Execution and delivery of new warrants
- Section 52:27-46 - School districts to which applicable; resolution by commission
- Section 52:27-47 - Public hearing on resolution
- Section 52:27-48 - Adoption of resolution by board of education
- Section 52:27-49 - No referendum; other laws inapplicable
- Section 52:27-50 - Form of notes or bonds; terms, provisions and conditions
- Section 52:27-51 - Collateral agreements; provisions in resolutions as to taxation, sinking fund, pledges and limitations; enforcement
- Section 52:27-51.1 - Sinking fund commission; payments of reserve or sinking fund to
- Section 52:27-51.2 - Release of sinking funds
- Section 52:27-52 - Sale or exchange of notes or bonds
- Section 52:27-53 - Conditions of sale or exchange
- Section 52:27-54 - Effect of resolutions; publication; validity; presumptions
- Section 52:27-55 - Tax to pay notes and bonds; reserve or sinking fund
- Section 52:27-56 - Additional indebtedness and expenditures; assent of commission necessary
- Section 52:27-57 - Default in payment of interest, salaries, etc.; limitation on expenditures
- Section 52:27-58 - Auditors and assistants; expenses limited
- Section 52:27-59 - Powers and duties of auditor; office
- Section 52:27-60 - Expenses to be paid by school district
- Section 52:27-61 - Failure of school authorities to act; commission to act directly
- Section 52:27-62 - Remedies; enforcement of judgments, etc.; bringing of actions or proceedings stayed; exceptions
- Section 52:27-63 - Plan of adjustment or composition of claims of creditors; procedure; effect
- Section 52:27-64 - "Certified" resolutions defined; form of certificate; signing
- Section 52:27-65 - Remedial law to meet public emergency; liberal construction
- Section 52:27-66 - Powers and duties severable